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The Big Picture San Diego Blog


Big Picture San Diego Blog

November 16, 2018

Each month the California Employment Development Department (EDD) releases employment data for the prior month. This edition of San Diego's Economic Pulse covers October 2018. Check out EDC's research bureau for more data & stats about San Diego's economy. 

October highlights:

  • The region’s unemployment rate was 3.3 percent in October, up from a revised 3.2 percent in September, and below the year-ago estimate of 3.6 percent.
  • San Diego’s unemployment rate remains below both the state rate of 4.0 percent and the national rate of 3.5 percent.
  • The labor force grew by 9,100 workers during the month and is now up 25,300 compared to a year ago.
  • Total nonfarm employment is up 10,700 in October and up 26,000 over the year.
  • The largest employment gain over the year occurred in professional and business services, which added 16,400 jobs. Professional, scientific, and technical services were responsible for 60 percent of the increase – up 9,700 jobs.


November 13, 2018

During World Trade Center San Diego’s Trade Mission to Tokyo and Yokohoma, Japan,  Scientist.com, the world's leading marketplace for outsourced scientific services, announced it will expand to Japan, opening an office in Tokyo.

“Scientist.com has recently created enterprise marketplaces for several Japanese pharmaceutical companies,” stated Dan Kagan, PhD, Scientist.com’s Chief Operating Officer. “WTC San Diego’s trade mission will help Scientist.com continue its rapid expansion into the Asian-Pacific region.”
 
The San Diego-based ecommerce marketplace will open an office at the Nihonbashi Life Sciences building, where UC San Diego and other major life sciences companies also house international offices. Scientist.com has recently seen growth in its Japanese clientele; it currently operates marketplaces for several large Japanese pharmaceutical companies.
 
Japan is the third largest economy in the world and a hub for scientific research and exploration. It is also a top-five export market for San Diego goods and services.
 
Scientist.com has more than 70 employees worldwide. In addition to its San Diego headquarters, it also has offices in the UK and Boston. The Japanese expansion announcement comes on the heels of several accolades recognizing Scientist.com’s growth. In August 2018 Scientist.com was ranked #9 on the Inc. 5000 list of fasting-growing privately owned companies in the US.
 
Scientist.com is joining a San Diego delegation of local politicians, industry executives and academic leaders. The company is also one of twenty San Diego companies awarded a $10,000 grant as part of WTC San Diego’s MetroConnect program, a comprehensive export assistance program designed to help local companies accelerate their global growth.
November 12, 2018

In an effort to create a connection between vital economic trading partners, U.S. Congressman Scott Peters (CA-52) and World Trade Center San Diego, an affiliate of San Diego Regional EDC, are leading a delegation to Tokyo and Yokohama, Japan. During the trade mission, local companies and organizations will promote key San Diego industries, establish and develop business relationships and explore opportunities for San Diego companies to tap into Japan’s expertise in urban planning and life sciences.

“In today’s global economy, San Diego’s success depends on fostering international relationships that bring investment and jobs to our region,” said Rep. Scott Peters (CA-52). “Japan shares our commitment to life sciences and our startup culture, creating opportunities for collaboration every day. Strengthening our partnership will foster innovation and economic growth in both our regions.”                                                

Japan is currently the third largest economy in the world, and one of San Diego’s most vital trading partners. According to World Trade Center Los Angeles, nearly 12,000 San Diegans are directly employed by Japan-based companies including SONY, Takeda and more. Additionally, there was more than $3.4 billion in economic activity between San Diego and Japan from 2016 -2018.

“Ever since the launch of Japan Airlines' direct service from San Diego, we have seen an influx in foreign investment from the Japanese market,” said Nikia Clarke, executive director of World Trade Center San Diego and vice president of economic development at San Diego Regional EDC. “As the rhetoric around global engagement shifts, now, more than ever, it is essential that we reinforce San Diego’s brand so it is top of mind for investors and companies.”

Over the three day trade mission, San Diego will look to bolster its tech and life sciences industries through various meetings and partnership deals with Japanese counterparts. Some crucial agenda items include:

  • An announcement from a San Diego-based biotech startup that is expanding to Tokyo.
  • A ‘trends in venture capital forum’ with Qualcomm, Yahoo! Japan and others at Plug and Play, the world’s largest technology accelerator.
  • A celebration of more than 60 years of a “Sister City” relationship with Yokohama, Japan.
  • An immersive visit to Takeda’s Shonan Health Innovation Park, one of the first collaborative academic and private sector research centers in Japan.
  • Panels and programming surrounding best practices and ideas exchanges on climate change with Scripps Institute of Oceanography as well as leadership and gender equity.

Delegates will participate in upwards of 15 meetings over the course of the trade mission, sharing best practices and formulating collaborations across many verticals. The 31-San Diego delegates include representatives from Northrop Grumman, Qualcomm Takeda California and more.  Also in attendance are key San Diego agencies, universities and civic organizations such as the Port of San Diego, San Diego County Regional Airport Authority, San Diego State University, Scripps Institute of Oceanography, UC San Diego and more.

Additionally, many small businesses and startups, including FoxFury Lighting Solutions, Planck Aerosystems and Scientist.com, will have the opportunity to engage in business development opportunities with Japanese counterparts.

As Tokyo looks to modernize infrastructure and grapples with key issues ahead of the 2020 Olympics, San Diego leaders have the unique opportunity to learn from counterparts across the globe, while also maintaining ties that create jobs and boost the regional economy.

At a time of mounting global uncertainty, World Trade Center San Diego conducts periodic trade missions to drive long term relationships for San Diego’s economy. In 2017, World Trade Center San Diego and Congressman Peters led a trade mission to London, which enabled startup Forge Therapeutics to double its headcount in San Diego and expand to a new facility.

This trade mission is organized by World Trade Center San Diego, an affiliate of the San Diego Regional EDC.

Follow along during the trade mission: #SDinJapan.

November 1, 2018
Today as part of its local expansion, software startup Cloudbeds unveiled its new San Diego headquarters alongside Congressmember Scott Peters and San Diego Regional EDC. Reflective of its company culture and of the region’s innovative technology cluster, the company’s newly expanded office space is vibrant – chock-full of art, a game room, outdoor working space and picnic area, and a 12-foot willow tree and turf in its common area.
 
Founded in 2012 by native San Diegans and UC San Diego Rady School of Management MBA graduates Adam Harris and Richard Castle, the company creates cloud-based hospitality management software and employs nearly 25 in San Diego, with plans for further growth.
 
“We’re extremely proud of the team across the world for making our growth so far possible, and we plan to continue in a much bigger way,” said Adam Harris, CEO at Cloudbeds. “We plan to have grown by 50 percent globally over our current size at the end of 2019.”
 
Some of that growth will be focused in San Diego. Cloudbeds is currently looking to fill technical positions to support the continued development of its hospitality software. Additionally, Cloudbeds was recently selected to take part in MetroConnect 2018, an export assistance program run by World Trade Center San Diego (WTC) – an affiliate of San Diego Regional EDC – and designed to help San Diego companies accelerate their global growth. Over the next year, Cloudbeds will work directly with WTC and EDC to expand into more global markets – specifically targeting India and Southeast Asia. The company currently supports 200 jobs across 28 countries.
 
“We’re thrilled Cloudbeds is expanding in San Diego. Its new headquarters is truly reflective of the region’s tech ecosystem – creative, innovative and collaborative," said Nikia Clarke, VP of Economic Development, San Diego Regional EDC. "As part of our MetroConnect program, EDC and WTC San Diego look forward to supporting Cloudbeds’ continued growth here and abroad.”
 
“Congratulations to Cloudbeds – a product of San Diego innovation that started right here at UCSD’s Rady School of Management. Their new headquarters fits right in with our top technology sector and thriving hospitality sector,” said Congressman Peters. “I’m proud to support growing startups, like Cloudbeds, that are changing the way we approach business solutions and I look forward to celebrating their success.”

 
October 25, 2018

Today, the Federal Aviation Administration, City of Chula Vista, City of San Diego, San Diego Regional EDC and Cape announced the launch of a test program to deploy drones for proactive public safety operations by the Chula Vista Police Department. This project has been made possible through the FAA’s Unmanned Aerial Systems Integrated Pilot Program (IPP).

As part of the IPP, drones equipped with Cape Aerial Telepresence software will be deployed to a scene within two minutes from Chula Vista Police Department headquarters, to provide police with video and decision quality data. In true #SDlifechanging fashion, these drones will serve as first responders, assisting in incidents such as life safety, crime in progress, fleeing subjects, fire and more. The drone program is an element of the Chula Vista Smart City Action Plan to implement technology and data tools to enhance city services, advance public safety, promote the efficient use of taxpayer dollars, engage residents, and encourage growth in the local economy. Simulation below:

San Diego region among first to deploy drones as first respondesers from San Diego on Vimeo.

Since CVPD began operations on October 22, a drone has been deployed 29 times.  About 30 percent of those calls were related to some type of disturbance and about 17 percent of the time, drone pilots were able to clear a call without ground units responding (e.g., the subjects were gone), thereby keeping officers free for higher priority calls. The drone also was used to locate a felony domestic violence suspect in a transient camp surrounded by heavy vegetation. The drone pilot was able to safely direct officers to the camp while observing the suspect’s actions until he was arrested. The drone was also successfully used to locate and direct officers to arrest subjects on two other disturbance calls. These are just a few of the early successes of CVPD’s UAS pilot program. Drone pilots and patrol officers recognize the potential for even more public safety benefits as the program evolves.

San Diego’s IPP local program also will include projects like flying medical specimens from UC San Diego for expedited results and cost savings, testing food delivery from restaurants to consumers using Uber, and testing the integration and communication between driverless cars and unmanned aircraft systems.

The City of San Diego’s Homeland Security Department is collaborating with more than 20 regional organizations to implement the IPP. In addition to EDC, partners include: City of Chula Vista, Cape, AirMap, Qualcomm, AT&T, California Governor’s Military Council, California Governor’s Office of Business and Economic Development (GoBiz), Uber, UC San Diego Health, Intel, GE Ventures, and others.

The San Diego regional IPP is one of only 10 agencies nationwide chosen to participate, including the states of Kansas, Virginia, Alaska and North Dakota and the cities of Reno and Memphis. The San Diego region also was selected as one of 10 autonomous vehicle testing sites in the nation in 2017. The designated testing sites form a national community that share information and collaborate with the private sector to advance the safe development of unmanned vehicles.

The federal Unmanned Aircraft System (UAS) Integration Pilot Program (IPP) is an opportunity for state, local, and tribal governments to partner with private sector entities, such as UAS operators or manufacturers, to accelerate safe UAS integration. The Program is expected to foster a meaningful dialogue on the balance between local and national interests related to UAS integration and provide actionable information to the USDOT and FAA on expanded and universal integration of UAS into the National Airspace System.

For more information on the drone program, visit www.sandiego.gov/ohs/unmanned-aircraft-systems.

 

October 18, 2018

Today, WTC San Diego and Congressman Scott Peters visited current MetroConnect company LRAD Corporation to tour its new, expanded facility in Rancho Bernardo. The new space will support LRAD as it doubles its workforce and fulfills an $11 million U.S. Army order for acoustic hailing devices – its largest contract on record.

Another example of an #SDlifechanging company: LRAD creates long range acoustic hailing devices, mass notification, and messaging systems that enable users to clearly communicate warnings and instructions, resolve uncertain situations, and enhance safety.

And LRAD is taking its life-saving technology global. After a competitive process, WTC San Diego recently announced that LRAD is one of 20 local companies participating in our export accelerator program, MetroConnect. Over the next year, WTC will work closely with LRAD to help the company increase its export potential in European markets.

The company has seen extensive growth over the last decade, with a presence in 72 countries. This is a testament to the impact of LRAD’s mass notification technology – which is not only applicable to defense, law enforcement and public safety, homeland and border security agencies, but also helps with critical infrastructure protection, fire rescue, and much more all around the world.

Despite national rhetoric, data shows companies that are global pay higher wages, increase productivity in the domestic market, are less likely to go out of business, and spur more efficient R&D here at home. And now more than ever, it's important that we step up to support local companies in sharing their life-changing innovation with the rest of the world.

Congratulations to LRAD, not just on its growth here at home, but its success abroad. Here's to more to come.

 

October 17, 2018

Learn from the best, they say. For the third straight year, East County-based guitar manufacturer Taylor Guitars generously played host to WTC San Diego and the 20 companies in this year’s MetroConnect program for a day-long export strategy workshop.

We kicked off the day with a tour of the company’s manufacturing operations, showcasing the craftsmanship that goes into the creation of every Taylor guitar. Then, the MetroConnect cohort was treated to lunch and an information session about global growth, IP protection and even corruption in the international marketplace. Taylor Guitars CFO Barbara Wight provided first-hand insight about how the company selects distributors and deals with IP issues. She described how the company effectively responds to inquiries and IP infringement, and helped the MetroConnect cohort think through how they might mitigate international risks for their companies. Taylor Guitars Director of Finance Bryan Bear then described the company's schema for prioritizing international markets and choosing an entrance strategy.

These workshops are among several support services provide to local SMEs as part the MetroConnect program.

 

October 17, 2018

Originally published on SDlifechanging.org.

Who has the best job in America, you ask? According to Glassdoordata scientists do. And lucky for them, there's plenty of data science gigs available at tech and life sciences companies in San Diego. With a median base salary of $110K and a 4.25/5 job satisfaction score, this growing profession is giving rise to leaders in the digital age.

It goes without saying that in a technology-driven world, the amount of available data will to continue to grow exponentially. And data scientists are exactly the types of people we’ll need to set up systems to digest and glean insight from all of that information.

Data scientists are deep thinkers, problem solvers, and interpreters, driven by seeing the result of their algorithms in action. And most of all, they are needed by companies across the world; most especially, in San Diego.

If you’re a data scientist interested in upgrading your life by living and working in San Diego, join us October 30 from 9am-12pm PST for a Virtual Career Fair with top employers: FICOResMedAnalytics Ventures Lab, and Booz Allen Hamilton.

The web-based fair will give participants (you?virtual access to recruiters from the companies just mentioned. These San Diego companies span defense, life sciences, and technology industries, providing a deep dive into all that a career in data science has to offer. You can explore company booths and chat with recruiters via instant-message or video call…and you don’t even need to leave your living room!

Apply and register for free here.

 

Data Science Virtual Career Fair from San Diego on Vimeo.

October 15, 2018

On October 5, America celebrated Manufacturing Day. This national day of recognition was created in 2012 by the Fabricators and Manufacturers Association to change negative perceptions across the United States regarding the modern manufacturing industry. Through coordinated events, manufacturers connect with consumers, students, job seekers, and media to address growing concerns such as the skilled labor shortage and career opportunities for younger generations.

Here in San Diego, the manufacturing industry employs more than 113,000 people, accounting for 7.7 percent of employment in San Diego. This number is up 3.7 percent from last year, exceeding the national growth of 2.2 percent.* To celebrate this local impact, countywide events were held throughout the first week of October.

The details:

  • October 2: East County EDC hosted its third annual Manufacturing Expo at Allen Airways Flying Museum, where more than 500 people explored 59 manufacturing and resource booths. This was East County EDC’s best turnout yet.
  • October 3: Viasat, Open Source Maker Labs, Hunter Industries, Mira Costa College, and more joined forces at CSU San Marcos to welcome busloads of students and teachers to North County’s manufacturer’s showcase. This event highlighted the manufacturers in North County curating scientific and technological solutions to global challenges.
  • October 3: San Diego City College’s Center for Applied Competitive Technologies (CACT) hosted its Educational and Resource Expo. This downtown event featured a startup panel,  job fair, tours, and a manufacturing expo. CACT provides training that help San Diegans get ahead in the manufacturing industry.
  • October 4: San Diego Regional EDC hosted a Manufacturing Day Reception in Liberty Station. Ten manufacturers from around the region showcased their work including Taylor Guitars, Chuao Chocolatiers, and Planck Aerosystems. We also heard from Congressman Scott Peters (52nd District) and Congresswoman Susan Davis (53rd District), who discussed trade opportunities for San Diego’s manufacturing industry.  We are proud to host the only MFG Day event in the country that celebrates the opportunities afforded by binational manufacturing.  For the past three years, Samsung has underwritten EDC’s MFG Day festivities along with sponsorship support from CMTC. We would also like to thank our other sponsors: Solar Turbines, San Diego County Water Authority, and San Diego City College. EDC also partnered with Junior Achievement to organize tours of manufacturing facilities for high schools from Vista all the way to Santee.


 

 

 

 

 

 

 

Sponsor shout outs:

Located in Chula Vista, Samsung is a digital leader in TV & audio, computing and appliances. Samsung has maintained the number one position in the global television market for 10 consecutive years. The SAMEX plant is the largest maquiladora in Tijuana, manufacturing approximately one million televisions and monitors every month. With the success of its electronics business, Samsung now ranks as a top 10 global brand.

California Manufacturing Technology Consulting (CMTC), is a private nonprofit corporation. In 2016, The U.S. Commerce Department’s National Institute of Standards and Technology awarded CMTC a five-year agreement to be California’s Manufacturing Extension Partnership Center. This agreement makes CMTC the lead organization for delivering services to small and medium-sized manufacturers with support of partners throughout the state. CMTC helps enhance operational performance, new product development, market expansion, and technology adoption for manufacturers in both urban and rural centers.

We appreciate the support of our investors and partner organizations that help make events like Manufacturing Day possible. If you are interested in getting involved next year, please contact our Investor Relations Coordinator, Taylor Dunne, at td@sandiegobusiness.org.

Follow along with #MadeinSD all year long.

*Data sources: CA Employment Development Department, August 2018 (SD) and Bureau of Labor Statistics, September 2018 (U.S.)

October 9, 2018

With and through our investors, EDC works to maximize San Diego’s economic competitiveness. Learn how in our Q3 report, which is segmented by our key teams/initiatives below:

Regional Support

EDC convenes resources and stakeholder groups to help talent and a diversity of companies thrive in the San Diego mega-region.

In order to grow jobs, EDC dispatched the following company support tactics and events in Q3:
  • Unveiled 15 companies selected to participate in DIV program
  • Hosted 26 PhD students from around the U.S. for Life Sciences Trek
  • Hosted VIP tour of SPAWAR
  • Learned best practices from peers in Indianapolis
  • Helped AI startup Aira sign deals with San Diego Regional Airport Authority and San Diego Convention Center
  • Engaged startup community in North County through Startup78

WTC San Diego

As part of EDC, World Trade Center San Diego works to cultivate a pipeline of export-ready firms, maximize FDI opportunities, and grow the region's global connectivity.

Amid increasing uncertainty over national trade policy, ensuring that local companies get the tools they need to be successful overseas is more important than ever. WTC deployed the following tactics in Q3:

SD: Life. Changing.

EDC's marketing efforts serve to elevate the region as a top destination for talent, business, and investment.

As part of the San Diego: Life. Changing. campaign, EDC showcased why San Diego is a hotspot for talent and investment with and through the following in Q3:

Research

Understanding our economy begins with strong data. EDC develops economic reports to help business and civic leaders make informed decisions.

Telling a data-driven and inclusive story of San Diego, EDC released the following economic reports in Q3:

This work would not be possible without the investment and support of EDC's members/partners. Thank you for allowing us to support the businesses that make this region truly #SDlifechanging.